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Showing posts with label Trump US-China Trade War & Tech War. Show all posts
Showing posts with label Trump US-China Trade War & Tech War. Show all posts

Saturday, July 25, 2020

Trump, with surge to over 4 million coronavirus cases, is blaming Black And Brown People for Covid-19, has 100 days to save his US presidency

Trump Is ‘Blaming Black And Brown People For Covid-19 Surge

https://youtu.be/HNxfYf_1ud8  
Joe speaks with Jason Johnson, Morgan State University professor of Politics & Journalism, about ‘sending our kids to slaughter’ at schools in infection hotspots such as Florida and Georgia, and Trump’s racist theory that Black Lives Matter protests and Mexico border crossings are to blame for the coronavirus surge. Aired on 07/23/2020.

 As U.S. hits 4 million coronavirus cases in record time, deaths ...



Coronavirus: U.S. COVID-19 cases surge amid reopening debate | Watch...
Watch Coronavirus: U.S. COVID-19 cases surge amid reopening debate Video Online, on GlobalNews.ca

 https://globalnews.ca/video/rd/6ece180c-c308-11ea-9d7d-0242ac110004/?jwsource=twi

The U.S. hit another grim milestone on Thursday as thee number of total confirmed cases of COVID-19 passed four million, with data showing it only took 16 days to go from three million to four million, with the average number of new cases now rising by more than 2,600 every hour. Deaths are also increasing, with Florida and Texas each reporting record one-day increases in the number of new deaths.

Trump has 100 days to save his US presidency

US on edge as covid-19 surges, protests up....
US President Donald Trump.
Trump US President Donald Trump. REUTERS/Leah Millis. File Photo 

Donald Trump has 100 days from Sunday to save his presidency, while the US tries to avoid a collective nervous breakdown ahead of one of the most divisive, tension-filled elections in US history.

Coronavirus is ravaging the economy, adding to a death toll already above 140,000, while undermining national trust in government institutions.

Add explosive protests against racism and police brutality, leftist-led riots, flourishing right-wing conspiracy theories and the spectre of Russian meddling — and you have a country more on edge than at any time since the cataclysmic 1960s.

At the centre is Trump, a man who boasts he never tires of “winning” yet faces possible humiliation on November 3.

Democratic challenger Joe Biden, whom Trump derides as weak and mentally incompetent, leads by double digits in some polls.

Trump is 74, Biden 77 — a matchup of two elderly white men seemingly out of step with 2020s uprisings against racism and sexism.

One is a billionaire born into privilege; the other, with three decades in the Senate and two terms as vice-president under Barack Obama, the epitome of the professional politician.

Trump vs Biden will deliver all the upheaval a confused US electorate can stomach.

Trump’s pitch boils down to claiming Biden will have Americans “cowering to radical left-wing mobs”. Biden says he’s fighting for “the soul of America”.

On Thursday, Trump cancelled the traditional Republican convention planned in Florida in August due to coronavirus concerns.

The Democrats scrapped theirs weeks ago.

Polls give Biden an advantage nationally and strong leads in swing states.

Congressional Democrats, who already control the House, are eyeing recapture of the Senate.

Many incumbents in Trump’s predicament might at this point start planning their post-presidential libraries.

Trump presides over mass unemployment triggered by the coronavirus shutdown, racial unrest and a growing crisis of confidence.

On coronavirus, polls show two-thirds of Americans have no faith in his leadership.

Trump, with approval ratings stuck in the low 40% range, is the first president to seek re-election after impeachment.

Yet no-one counts him out.

Belittled in 2016, he defeated all the top Republican establishment names for the nomination, then came from behind to defeat Hillary Clinton.

Trump believes he still has the secret sauce.

“I’m not losing, because those are fake polls,” he insisted last weekend.

“They were fake in 2016 and now they’re even more fake.”

Biden is running his campaign from his Delaware home, with no rallies, few media interviews and even rarer press conferences.

Biden is able to sit back and watch Trump lurch ever deeper into self-inflicted troubles.

Until the onset of Covid-19 and the economic downturn, Trump was on a roll.

His then confident campaign manager Brad Parscale described the Republican re-election team in May as the “Death Star” in the Star Wars movies and tweeted they were about to press the “fire” button.

Today, that vaunted machine resembles a misfiring rocket.

Trump’s mass rallies have fizzled due to health risks, while his trademark bravado and name-calling sit less easily in a country shaken by death and economic misery. — AFP

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Wednesday, January 15, 2020

Washington’s unsustainable deficit hangs over global economy


 

With the widening US budget gap, it is no longer a secret that such a high level of federal spending is unsustainable and the resulting debt burden has become a worry for the global economy.

According to data from the US Treasury Department, the federal budget deficit went on the rise in 2019, hitting $1.02 trillion and marking the first calendar year the deficit has exceeded $1 trillion since 2012. Given the country's tax revenues, government spending is obviously on an unsustainable path. While total government receipts grew 5 percent in 2019, federal spending increased at a faster pace of 7.5 percent.

More worryingly, as the economy slows amid headwinds, it is basically impossible for the US government to make ends meet by raising tax revenues. So based on the current trend, it will probably become a norm for the annual federal deficit to top $1 trillion in the future.

Undoubtedly, massive fiscal deficits will prompt a steady rise in public debt. According to data released by the Treasury Department on November 1, the US national debt surpassed $23 trillion for the first time in history. The figure is equivalent to about 110 percent of the country's GDP.

Of course, it should be acknowledged that US Treasury bonds are still considered safe-haven assets in the current uncertain global markets as they are seen as secure due to their strong ratings. Treasury securities held by foreign holders amounted to $6.78 trillion as of the end of October 2019, up $580 billion compared with a year earlier, according to Treasury data issued on December 16, 2019.

In the meantime, however, the share of US debt held by foreign holders has fallen from a peak of 34.1 percent in July 2012 to about 29 percent today. The decline also reflects the accelerated expansion of US debt issuance.

So far there is no sign of any sort of sustained plan for narrowing the US deficit to at least rein in its debt expansion. Nor does the government show any sign of urgency on this issue. Maybe the only response from the Trump administration is to pressure the Federal Reserve to cut rates, a move that could help lower its interest payments on debt and devalue its currency to ease the debt burden.

Such surge in irresponsibility could be attributed to two factors - its high creditworthiness and the financial supremacy of the US dollar. Since a collapse of the US economy may cause an economic disaster around the world, the US government could be better off counting on the world to pay the bill.

Sadly, there is no way out under the current circumstances, and the only hope now is that Americans will take some concrete measures to reverse the trend before a debt crisis truly breaks out.

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Tweet #Rightways   The year 2019 has been one in which US sought to reconstruct its relations with China. First, the US reset the...
 

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Saturday, January 11, 2020

US gains limited from changed China policy


 

The year 2019 has been one in which US sought to reconstruct its relations with China.

First, the US reset the premise of its policies toward China. From former president Bill Clinton to Barack Obama, Washington used to consider living with a rising China conditionally as the precondition; but since Donald Trump took office, he has changed the relatively friendly premise into a hostile one. Trying to slow down China's development and preventing the country from surpassing or even replacing the US have become the real intention of his China policy.

Second, the US reframed its relations with China, taking economic and trade ties as the turning point, as well as putting in more efforts in diplomacy, security, politics and culture. The key tools in its reconstruction of economic and trade ties were the war of tariffs, technology and finance.

During 2019, the trade war launched by the US against China saw many ups and downs. The number of products on which the two sides slapped duties reached an unprecedented scale. With the escalating tech war against China, the US Commerce Department added Huawei and 70 affiliates to its "entity list." Besides, China was listed as a currency manipulator by the US Department of Treasury.

Meanwhile, the Trump administration carried out a whole-of-government approach to compete with China and imposed all-round pressure on China.

The US has continued to meddle in Taiwan-related affairs. The Trump administration approved the sale of 66 F-16 fighters to Taiwan in August, the biggest military transaction between the US and Taiwan. Then US National Security Advisor John Bolton's meeting with Taiwan's National Security Council (NSC) head David Lee in the White House in May indicated the upgrade of US-Taiwan relations, which happened for the first time since 1950s.

Most seriously, the US was trying to promote Taiwan's status as a sovereign state. In the Indo-Pacific Strategy Report issued by US Department of Defense, Taiwan was publicly listed as a country; and the Coordination Council for North American Affairs was changed into Taiwan Council for US Affairs.

In 2019, US so-called freedom of navigation operations in the South China Sea were much more aggressive. The China-proposed Belt and Road Initiative (BRI) was also besieged and smeared by the US. The US Indo-Pacific Strategy is meant to counter China's BRI.

Additionally, the US has stepped up competition with China politically and ideologically and kept attacking China's political system.

In terms of the issues of Xinjiang and Hong Kong, US interference was way more blatant than before. The US even passed the Hong Kong Human Rights and Democracy Act, in order to legalize its future interference in the Hong Kong issue. Moreover, the US attacked China's governance in Xinjiang. Not only did the Ministry of Commerce impose export control over 28 Chinese business entities, but the US Department of State also announced visa restrictions against Chinese officials and their relatives. US Congress, furthermore, passed the so-called Uyghur Human Rights Policy Act, keeping up the pressure on China even more.

The series of measures the Trump administration employed to restructure the China-US relationship framework are aggressive.

The Trump administration is trying to change the way China and US interact. It believes that Washington should abandon the engagement policy and cooperation should give way to strategic competition and that the US must pressure China to make concessions. That being the case, the Trump administration has changed the approach of engagement and hedging, reduced engagement and cooperation, and increased confrontation and conflicts with China.

When some hawks within the Trump government talk about China-US competition, what they really want are confrontation and conflict. Many working-level dialogue mechanisms established during the George W. Bush and Obama administrations are no longer in operation. Now Washington resorts to trade, technological and financial wars as well as sanctions. How far can the US go in this way?

First, it depends on how much price the US is willing to pay. Competition, decoupling, confrontation, and non-cooperation all come at a price. The US-launched trade war against China has impacted US agricultural and manufacturing industries and forced consumers to pay more, while the technological war has put the US high-tech industry under risk of losing the Chinese market. Escalating military competition with China means a significant increase in US military expenditure. Restricting China-US people-to-people exchanges will also cause losses to American universities and research institutions.

In fact, with the negative effects of the Trump administration's China policy increasingly becoming apparent, doubts within the US have grown. Although the US elites have generally reached a consensus on a tougher stance against China, they have yet to agree on how much price the US can pay.

Second, China-US relations are the result of bilateral interactions and cannot be unilaterally decided by the US. Facing heightened US pressure, China is exploring more effective ways to respond. Beijing is not afraid of competition.

Finally, the attitudes of the international community and the US allies matter. The China policy and other foreign policies of the Trump administration not only aimed at maximizing US interests, but also have the features of protectionism and unilateralism. The trade war against China has damaged global industrial and value chains, undermining the interests of other countries including US allies.

To sum up, although the US has benefited from its China policy recalibration, its gains are limited. How far will the US move to restructure its relations with China go? It hinges on the changes in US domestic politics as well as China's will and art in wrangling with the US.

By Wu Xinbo Source:Global Times - The author is dean of the Institute of International Studies at Fudan University.


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China's strategic willpower leads to progress

China is not the most powerful country. But it is strong enough to defend its philosophy of seeking truth from facts. Sometimes, justice and correctness need to be proven through games and tested by time. China has the ability to create conditions for that. This is perhaps what strategic willpower means.

How should China develop in the 2020s?

China has been moving forward. It is a bit tired, but China has been doing great.

Wednesday, January 1, 2020

Industry aims to wean itself off US technology amid trade war

https://youtu.be/RmAr9SW5yQw  
The development of China's chip industry

A view of Alibaba's AI chip Hanguang 800 Photo: Courtesy of Alibaba

China makes chip breakthroughs in 2019


 China has made up its mind to become self-sufficient in chip technology. Amid a boiling trade war with the US that disrupts the global supply chain, China's chip industry is witnessing a sweeping change, with investment plowing in apace and breakthroughs being made in high-end chips that will significantly reduce reliance on imports.

In the latest move, China's government-funded "starlight chip project" announced on Monday that it plans to invest 10 billion yuan ($1.43 billion) in the next decade on chip technology research, standard-setting study, application development and large-scale industrialization.

Launched in 1999, the project has applied for more than 3,000 patents and formed several chip technological systems including digital media, intelligent security and artificial intelligence.

The project is a vivid example of how investment is shaping China's semiconductor industry this year, in particular after Washington's brutal crackdown on Chinese tech companies like Huawei and ZTE that could potentially cut off key US component supplies.

In October, China set up a second national semiconductor fund of 204.2 billion yuan in a bid to nurture the domestic chip industry, a 47-percent increase of the scale of investment compared with the first fund of 138.7 billion yuan, according to media reports.

"Chinese industry insiders and authorities are giving the biggest-ever incentives to the homegrown chip industry. We all feel a sense of urgency to wean ourselves off foreign technology, spurred by a spiraling trade war," a manager of a Beijing-based chip start-up who spoke on condition of anonymity told the Global Times on Monday.

The whole industrial chain has been shifting its attitude on chips made by Chinese suppliers, according to the manager.

"In the past, downstream vendors tended to prefer foreign chips over homegrown ones. Now, they gravitate toward ours and are willing to help us in accommodating, testing and even in improving functions," he explained.

The industry-wide effort has helped to fuel a boom in the design of advanced computer and smartphone chips. It has also led to a rapid expansion of the market share of homegrown memory chips.

In September, Huawei's HiSilicon unveiled its latest mobile application processor - the Kirin 990. The chipset series is widely believed to be the world's most powerful mobile system-on-chip, with a performance surpassing its foreign competitors such as Qualcomm.

"Huawei's Kirin series represents a major breakthrough in the chip industry. It shows that Chinese players have the ability to design all ranges of chips and their gap with leading foreign players is closing," Xiang Ligang, an expert in the telecoms industry, told the Global Times on Monday. "We just need some time to forge industrial chain ability."

China is on track to achieve its goal of being able to produce 40 percent of the semiconductors it uses by 2020 and 70 percent by 2025. Chinese firms currently supply more than 15 percent of the semiconductors used in the nation, industry insiders estimated.

The nation is also one step closer to producing about 5 percent of the world's memory chips by the end of 2020 from virtually none in 2018, the Nikkei Asian Review reported, quoting sources close to the matter.

But observers admitted that Chinese firms' chip manufacturing abilities are years behind their rivals due to their late start. China's largest chip manufacturer, SMIC, has reportedly begun mass production of chips using its 14-nanometer FinFET manufacturing technology, while top foreign players such as Samsung and Intel already are in a race to supply 7-nanometer chips to the market.

Newspaper headline: China makes chip breakthroughs in 2019

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Sunday, December 22, 2019

Xi discusses fresh ties with Trump

Presidents' phone talk raises hope for final phase one trade deal: experts

WASHINGTON: The China-US phase one trade deal, reached on the basis of equality and mutual respect and against the backdrop of an extremely complicated international environment, will benefit both countries and contribute to peace and prosperity of the world, Chinese President Xi Jinping told his US counterpart Donald Trump.

In the phone call at the invitation of the US side on Friday, Xi expressed “grave concern” over the recent US “negative statements and actions” on issues related to Taiwan, Hong Kong, Xinjiang and Tibet, which he said interfered with China’s internal affairs, damaged China’s interests, and are not good for mutual trust and cooperation.

Xi told Trump that China hopes the US side will “conscientiously” implement the important consensuses reached in their multiple meetings and phone conversations, and pay close attention to China’s concerns, thus avoiding disturbing the bilateral relations as well as the important agenda of both countries, according to a statement released by the Xinhua News Agency.

Xi noted that the economic and trade cooperation between the two countries contributed tremendously to the steady development of their bilateral relations and to global economic growth.

As the modern economy and technology have connected the world, the interests of China and the US will become increasingly interlinked, and there will be some differences in the course of their collaboration, he said.

As long as the two sides adhere to mutually beneficial and win-win cooperation, and always respect the dignity, sovereignty, and core interests of the other country, they will be able to overcome the difficulties in the course of development, and push forward Sino-US economic and trade relations under the new historical conditions for the benefit of two countries and two peoples, Xi said.

Xi also said he is ready to maintain contact with Trump through various means, and exchange views on bilateral relations and international issues, and work together to promote a China-US relationship based on coordination, cooperation and stability.

In their phone call, Trump said the phase one trade deal is good for both countries and the rest of the world.

It has received positive responses from the markets of both countries and the world, according to the Xinhua report.

The US side is ready to keep close contact and communications with the Chinese side for the deal to be signed earlier and implemented, Trump said. — China Daily/ANN

Source link


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Xi: China-US trade deal benefits whole world

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2020 will provide respite from China-US trade tensions: expert

China-US trade tensions will be less fierce in 2020, although disrupting factors like issues concerning Xinjiang Uyghur Autonomous Region and Taiwan island will remain amid the hubbub generated by the US presidential election next year, an expert said Saturday.

West silent on Xinjiang's 'inconvenient truth'

Besides, Chinese media should take the initiative to post reliable information about hot-spot issues, such as the education and vocational training center in Xinjiang. More detailed planning can be made to increase the effectiveness of news diffusion. As long as Xinjiang develops toward prosperity, and Chinese media's publicity strategy improves, the truth will come to the light eventually. More people will recognize Western media's selective deafness strategy and break away from its lie of objectivity and freedom of the press.

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Tuesday, December 10, 2019

China exposes the truth about Xinjiang, but the West ignores. Why? US hypocrisy on human rights & Trade War

https://youtu.be/bRy1AKUzb2o

China airs Xinjiang truths

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https://youtu.be/_WEPyG6tKjM

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China to U.S.: Stop interfering in Xinjiang

With less than a week until the deadline on December 15, Beijing and Washington are widely expected to hammer out a partial trade deal. Jitters persist over the U.S. imposing fresh tariffs on Chinese goods. But recent events may throw a monkey wrench into a deal, such as impeachment hearings on the U.S. president, and unwelcome U.S. intervention in Hong Kong and Xinjiang. Could these weigh heavily on China-U.S. trade talks? Can they keep trade talks on track?

https://youtu.be/cLfxhhq9U_Q

China slams U.S. over human rights violation

Chinese foreign ministry has criticized the U.S. over human rights violations.

China has paid close attention to UN reports and comments and is shocked by the violation of human rights by the U.S. and some European Union member countries. The human rights conditions have been deteriorating. recently in the U.S. and some EU countries.

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    China airs Xinjiang truths

    By Liu Xin Source:Global Times

    Photo:Screengrab of CGTN

    China's state broadcasters consecutively aired three documentaries from Thursday illustrating the anti-terrorism efforts in Northwest China's Xinjiang Uyghur Autonomous Region, a terrorist organization East Turkistan Islamic Movement's (ETIM) role in plotting terrorist attacks in China and US hypocrisy on human rights issues. The documentaries sparked wide discussions on domestic and overseas media.

    Many netizens commented that the documentaries disclosed rare video footage on terrorist attacks that Xinjiang had suffered, fully reflecting the severe threat of terrorism Xinjiang was facing. They also said Western media that criticized China's Xinjiang policies should watch these videos carefully.

    But many Western media, especially those which tried to hype the "leaked documents" on vocational education and training centers in Xinjiang in recent weeks, kept silent over the heated discussions on the Chinese mainland generated by the documentaries.

    Chinese mainland experts said that some Western media outlets selectively report what fits their stereotypes and interests. These outlets also went great lengths to slander on Xinjiang. Their silence on the documentaries showed their double standards in regards to China's Xinjiang issues, they said.

    Two of the three documentaries were newly made and aired on CGTN on Thursday and Saturday respectively, telling of the overall counter-terrorism work in Xinjiang and ETIM's role in inciting terrorist attacks in China's Xinjiang and other Chinese cities.

    One documentary, initially aired in April 2018, was streamed again on CGTN on Friday night, deploring the human rights crisis created by the US in the Middle East since 2003.

    Topics of "New documentaries on Xinjiang's anti-terrorism work" and "Unveiling the black hand behind Xinjiang's terrorism" were viewed 390 million times and 230 million times respectively on Sina Weibo, China's Twitter-like social media.

    CGTN also uploaded these two documentaries on YouTube and the first episode, "Fighting terrorism in Xinjiang" was watched more than 150,000 times.
    Some internet users commented on Sina Weibo that they had visited Xinjiang and enjoyed the splendid landscape, friendly atmosphere and safety, but they had no idea that Xinjiang used to suffer such grim terrorism and extremism threats.

    Leonard Brownies, one  internet user from abroad commented on Twitter after watching one documentary that "This is FACT. Some stupid Western fake news media should see this."

    The documentaries were "very touching and reflect truth on Xinjiang in a clear way," Erkin Oncan, a Turkish reporter, told the Global Times on Sunday.

    "Unlike the Western propaganda news, the documentaries tell what was really happening in Xinjiang by original videos and remarks of witnesses and participants of terrorist attacks."

    Photo: Screengrab of CGTN

    Pretending to be blind

    Few Western media outlets reported discussions about the documentaries on the Chinese internet as of press time.

    This is in sharp contrast to extensive coverage by Western media such as the 17 media partners of the International Consortium of Investigative Journalists (ICIJ) on "leaked government files" on Xinjiang.

    Erkin said that he was not surprised to see many Western media "pretend to be blind" at the Chinese documentaries as their reports on Xinjiang were in line with "some Western countries' political agenda, not with the principles of journalism."

    By making public rare video footage of terrorist attacks including the Urumqi riots on July 5, 2009 and the Tiananmen Square terror attack on October 28, 2013, "the documentaries tear the hypocrisy mask off the US," said Li Wei, a counter-terrorism expert at the China Institutes of Contemporary International Relations in Beijing.

    "It claims to protect human rights but supports terrorist groups and interferes in China's domestic affairs."

    For some Western media and US politicians, who know clearly the previous severe terrorist threat in Xinjiang and still chose to smear China's anti-terrorism policies in the region, they would ignore the documentaries on purpose, Li asserted.

    "They give no care to the truth but want to hype Xinjiang issue to make troubles for China," he said..

    "These documentaries disclosed many rare and original video footages of terrorist attacks happened in Xinjiang and other cities in China. China used to release some information on terrorist attacks but images of the documentaries are more powerful than words."

    Li said that the bloody scenes of terrorist attacks, the cruelty of terrorists and the tragedy of innocent people's deaths not only left a strong impression on the audience but also reminded people the hefty price the regional government and local people have paid for restoring peace and stability in Xinjiang.

    Li told the Global Times that these documentaries target people who were fooled by fake news of some Western media but wanted to know true stories of Xinjiang.

    "I believe that people who have conscience would get to know and give just comment on China's strenuous efforts on countering terrorism and on protecting local residents' human rights in Xinjiang," said Li.